When Constructing a Production Possibilities Frontier,which of the Following Assumptions

question 59

Multiple Choice

When constructing a production possibilities frontier,which of the following assumptions is not made?

• A)The economy produces only two goods or two types of goods.
• B)Firms produce goods using factors of production.
• C)The technology available to firms is given.
• D)The quantities of the factors of production that are available are increasing over the relevant time period.

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Definitions:

Pattern of Organization

The structure or arrangement of ideas and elements within a text or presentation.

Negative Letters

Communications that convey unfavorable news, rejections, or denials in a professional and respectful manner.

External Communication

The process of sharing information between an organization and outside entities or the public.

Organizational Pattern

The structure or arrangement of ideas and elements within a text, speech, or document, aiding in clarity and comprehension.